The Bulk Oil Storage and Transportation Company Limited (BOST) has signed a Memorandum of Understanding (MOU) with the Ministry of Education to sponsor 50 students to enroll at the University of Mines and Technology, Tarkwa.
The BOST Scholarship Scheme which forms part of the state-owned company’s Corporate Social Responsibility (CSR) would cover the 4-year university education of the 50 beneficiaries. It is a total cost of GH₵1.5 million.
The sponsorship package of GH₵7,500 per student for every academic year includes accommodation, tuition, a laptop and stipend to support the upkeep of each beneficiary.
The Minister for Education, Dr Yaw Osei Adutwum on Wednesday in Accra, expressed appreciation to BOST for heeding to their call and giving the beneficiaries who are from poor homes and deprived communities an opportunity to secure a better future.
He noted that the scheme fits into the overall policy of government to improve access to STEM education.
Dr Adutwum indicated that as part of the package, the ministry would also facilitate internship opportunities for the beneficiaries, secure mentors and career coaches for them and as well facilitate their National Service postings.
The Head at BOST, Madam Harriet Amoah said on December 9, 2021, the Ministry of Education wrote to BOST to partner it to provide the scholarships.
“BOST responded positively in line with its corporate social responsibility policy on education but insisted that such sponsorship from the company should go directly to its impacted communities in the country,” she said.
She said BOST, together with the Ministry of Education, went to all its impacted areas – Kpone and Shai Osudoku Districts in the Greater Accra Region, Kaasi Municipal Assembly in the Ashanti Region, the Central Gonja District in the Savanna Region, Savelugu District in the Northern Region, West Mamprugu District in the North East Region and the Bolgatanga Municipality in the Upper East Region.
Madam Amoah said the focus of BOST’s CSR policy was in the areas of health, education, environmental protection and poverty reduction.
The CSR objectives, she said, was to give back to the communities within which it operated in diverse ways by recognizing the social and developmental gaps and being a leading force within the community.
Priscilla Osei-Wusu Nimako, ISD